In statements filed with the Shenzhen Stock Exchange, two steelmakers and a nonferrous metal producer forecast first-half losses despite improved second-quarter performances.
SGIS Songshan Co. Ltd. estimated a first half net loss of 210 million yuan due to weak domestic and overseas demand, lower prices and industry-wide overproduction.
Shanxi Taigang Stainless Steel Co. projected up to a 700 million yuan loss in the first half.
Yunnan Tin Co. predicted a first half loss of up to 43 million yuan.
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